Financial Risk Management Focused on Robustness and Flexibility
First written in FY2016. 4 of 12 entries say "Advanced", first in FY2019. Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 3 of 29 companies on the "Worse" side.
8 other companies' latest entry also says "Other".
- FY2026-H1Decrease in bonds and issuance of commercial paperAnnual report
「Bonds, including those due for redemption within 1 year, amounted to ¥1.4784 trillion at the end of the previous fiscal year and ¥1.4391 trillion at the end of the current interim consolidated accounting period. Long-term borrowings from financial institutions, including those due for repayment within 1 year, amounted to ¥120.9 billion at the end of the previous fiscal year and ¥120.7 billion at the end of the current interim consolidated accounting period. Commercial paper had no outstanding balance at the end of the previous fiscal year and amounted to ¥32.9 billion at the end of the current interim consolidated accounting period.」
Regarding the funding structure, outstanding bonds decreased from ¥1.4784 trillion to ¥1.4391 trillion and long-term borrowings decreased from ¥120.9 billion to ¥120.7 billion, while ¥32.9 billion of commercial paper was issued. - FY2025Continued increase in bonds and decrease in long-term borrowingsAnnual report
「Bonds, including those due for redemption within 1 year, amounted to ¥928.1 billion at the end of the previous fiscal year and ¥1.4784 trillion at the end of the current fiscal year. Long-term borrowings from financial institutions, including those due for repayment within 1 year, amounted to ¥738.3 billion and ¥120.9 billion, respectively.」
In the funding structure, outstanding bonds increased significantly, while long-term borrowings from financial institutions decreased. Net interest-bearing debt increased from ¥642.2 billion to ¥847.6 billion. - FY2025-H1Increase in bonds and decrease in long-term borrowingsAnnual report
「Bonds, including those due for redemption within 1 year, amounted to ¥928.1 billion at the end of the previous fiscal year and ¥1,437.4 billion at the end of the current interim consolidated fiscal period. Long-term borrowings from financial institutions, including those due for repayment within 1 year, amounted to ¥738.3 billion at the end of the previous fiscal year and ¥120.9 billion at the end of the current interim consolidated fiscal period.」
Regarding the funding structure, outstanding bonds increased from ¥928.1 billion to ¥1.4374 trillion, while long-term borrowings from financial institutions decreased from ¥738.3 billion to ¥120.9 billion. - FY2024Increase in net interest-bearing debt due to the acquisitionAnnual report
「Net interest-bearing debt, calculated by deducting cash and cash equivalents from interest-bearing debt, increased from ¥102,053 million at the end of the previous fiscal year to ¥642,222 million at the end of the current fiscal year.」
Net interest-bearing debt increased substantially from approximately ¥102.0 billion to approximately ¥642.2 billion due to an increase in borrowings and other debt associated with the acquisition of Vector. - FY2023Increase in net interest-bearing debtAnnual report
「Net interest-bearing debt, calculated by deducting cash and cash equivalents from interest-bearing debt, increased from ¥91,425 million at the end of the previous fiscal year to ¥102,053 million at the end of the current fiscal year.」
Net interest-bearing debt increased from ¥91.425 billion at the end of the previous fiscal year to ¥102.053 billion, reversing the downward trend through the previous fiscal year. - FY2022AdvancedAnnual report
「Net interest-bearing debt, calculated by deducting cash and cash equivalents from interest-bearing debt, decreased from ¥196,891 million at the end of the previous fiscal year to ¥91,425 million at the end of the current fiscal year.」
Net interest-bearing debt decreased from ¥196.891 billion to ¥91.425 billion, demonstrating the robustness and flexibility of the financial base. - FY2021AdvancedAnnual report
「Net interest-bearing debt, calculated by deducting cash and cash equivalents from interest-bearing debt, decreased from ¥420,037 million at the end of the previous fiscal year to ¥196,891 million at the end of the current fiscal year.」
Net interest-bearing debt decreased from approximately ¥420.037 billion to approximately ¥196.891 billion, demonstrating the robustness and flexibility of the financial base. - FY2021-Q2RestatedAnnual report
「At present, there is no problem securing the funds required for business operations, and the company has ample unused capacity under its commitment lines.」
The company reaffirmed its liquidity policy and position, stating that there is no problem securing funds required for business operations and that ample unused capacity remains under its commitment lines. - FY2020AdvancedAnnual report
「Net interest-bearing debt, calculated by deducting cash and cash equivalents from interest-bearing debt, decreased from ¥617,344 million at the end of the previous fiscal year to ¥420,037 million at the end of the current fiscal year.」
Net interest-bearing debt decreased from ¥617.344 billion at the end of the previous fiscal year to ¥420.037 billion. - FY2019AdvancedAnnual report
「Net interest-bearing debt, calculated by deducting cash and cash equivalents from interest-bearing debt, decreased from ¥705,526 million at the end of the previous fiscal year to ¥617,344 million at the end of the current fiscal year.」
Net interest-bearing debt decreased from ¥705.526 billion at the end of the previous fiscal year to ¥617.344 billion. - FY2017RestatedAnnual report
「Accordingly, the company's financial policy is to maintain a strong financial base that provides robustness against changes in the business environment, such as economic crises, and the flexibility to respond nimbly to business investment opportunities.」
The company reaffirmed a financial policy that balances robustness against economic crises with flexibility to pursue business investment opportunities. - FY2016First statedAnnual report
「The company's financial policy is to maintain a strong financial base that provides robustness against changes in the business environment, such as economic crises, and the flexibility to respond nimbly to business investment opportunities.」
The company describes a policy of monitoring financial risks, including credit ratings, ROE, net interest-bearing debt, liquidity, foreign exchange rates and interest rates, while balancing flexibility for investment opportunities with financial robustness.